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Sep 28, 2013
09/13
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KCSM
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the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling, there is opportunities because we now they're going to increase the debt ceiling but ultimately, the biggest crisis does not come because we failed to raise the debt ceiling but because we do raise it and we repeatedly raise it and that is why the country is rogue. >> there is some talk about getting rid of the debt limit. even if the president were to use the 14th amendment solution as speaker nancy pelosi has suggested he do. that would by default get rid of the debt limit. about a month ago a baby panda was born at the national zoo. we are in these critica
the borrowing and the continuous raising of the debt ceiling. why don't these politicians just put up a bill to eliminate the debt ceiling, what is the purpose of having a debt ceiling if we raise it every time we get to it as nobody wants to vote to eliminate the debt ceiling because they want to pretend they care about the debt but everyone wants and increase. if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling,...
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Oct 15, 2013
10/13
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CSPAN
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we cannot just raise the debt ceiling for another year and a trillion dollars in debt to the debt that we owe -- already have of $17 trillion. it is kind of like going to the bank. when you go to the bank and you talk to the banker and you say i want alone, i want to increase the loan and raise my credit limit. the banker would say, he maybe willing to give you the loan but he is going to say what are you going to do to address the underlying problem, the problem you have that you are spending more than you're taking in, what are you going to do to address that? and i am sure if you said i am not going to do anything to address it, you might have a hard time getting blown, right? that is true whether you are a family or a business. that is true for the federal government. so let's put the necessary savings and reforms in place. the president and his budget identified more than $600 billion in changes and savings and reforms that he could support to mandatory spending programs. we have talked to him about those time and again. now is the time to implement those savings and reforms to th
we cannot just raise the debt ceiling for another year and a trillion dollars in debt to the debt that we owe -- already have of $17 trillion. it is kind of like going to the bank. when you go to the bank and you talk to the banker and you say i want alone, i want to increase the loan and raise my credit limit. the banker would say, he maybe willing to give you the loan but he is going to say what are you going to do to address the underlying problem, the problem you have that you are spending...
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so where do we go with the debt ceiling? >> sure. when we have the debt ceiling, the speaker and mitch mcconnell of the senate have both reiterated. if the president wants an increase in the debt ceiling of a trillion dollars as he's going to need every year of the second term, he's going to have to agree to a trillion dollars of spending cuts. this is exactly what happened in 2011 and of the establishment media said the world would end and we have to have tax increases instead of spending restraint. that's not what happened. obama caved, give us the spending restraints. the next fight is one, the republicans have more of an upper hand. lou: it will be interesting to watch and see how that plays out. grover norquist, good to have you with us. >> good to be with you. lou: joining us now, chief economist of moody's. let's turn. you just heard grover norquist describing what is happening in washington d.c. entirely rational, makes perfect sense. i'm sure the nation is placated. how you feel? >> just a bad day. for some reason makes peop
so where do we go with the debt ceiling? >> sure. when we have the debt ceiling, the speaker and mitch mcconnell of the senate have both reiterated. if the president wants an increase in the debt ceiling of a trillion dollars as he's going to need every year of the second term, he's going to have to agree to a trillion dollars of spending cuts. this is exactly what happened in 2011 and of the establishment media said the world would end and we have to have tax increases instead of...
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Oct 8, 2013
10/13
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ALJAZAM
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he's also been on the debt ceiling tirade. he has long said that the republicans should use the debt ceiling as a point of leverage to bring president obama to the table and get concessions. he has down played economic crisis breaching the debt ceiling could be. he said the white house, the treasury department and economists are overplaying their hand. he's also saying that they're making too much of this federal government shutdown. he's an army veteran, and he's aligned himself with a lot of veteran who is have been taking trips to the national mall and trying to visit sites at the world war ii memorial. they found it shuttered last week and were very upset. louy gohmert has been going out and moving the barricades for publicity but he has not done the legislative work that would get the federal workers back on the job, those who clean the memorials, pick up the trash and protect public safety at the national mall. instead he's blaming the obama administration. >> i can tell you any administration that is so calloused that i
he's also been on the debt ceiling tirade. he has long said that the republicans should use the debt ceiling as a point of leverage to bring president obama to the table and get concessions. he has down played economic crisis breaching the debt ceiling could be. he said the white house, the treasury department and economists are overplaying their hand. he's also saying that they're making too much of this federal government shutdown. he's an army veteran, and he's aligned himself with a lot of...
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Oct 7, 2013
10/13
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MSNBC
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that's the debt ceiling deadline. treasury secretary jack lew ran the gauntlet of sunday morning political talk shows. his warning, it's looking a lot more likely the u.s. could default for the first time in its history. >> we're on the verge of going into a place we've never been. failure of congress to act would for the first time put us in a place where we're defaulting on our obligations of government pauf congress' failure to act. >> here's what's making this looking more likely. the tea party republican saying in a sunday interview that he'd be willing to dance on the debt ceiling if it meant defunding obama care. >> we should look for ways to mitigate the harms from obama care. >> so you think that some facet of the president's health care plan should be attached to an increase in the debt ceiling? >> the debt ceiling historically has been among the best renlevee congress has to rein in the executive -- >> so yes? >> yes. >> independent vermont senator bernie sanders serves on five committees, including veteran
that's the debt ceiling deadline. treasury secretary jack lew ran the gauntlet of sunday morning political talk shows. his warning, it's looking a lot more likely the u.s. could default for the first time in its history. >> we're on the verge of going into a place we've never been. failure of congress to act would for the first time put us in a place where we're defaulting on our obligations of government pauf congress' failure to act. >> here's what's making this looking more...
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just put up a bill to eliminate the debt ceiling what's the purpose of having a debt ceiling if we raise it every time we get to it because nobody wants to vote to eliminate the debt ceiling because they want to pretend that they care about the debt but everybody wants to increase it because they don't want to cut any spending but if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling clearly there's opportunities because we know they're going to increase the debt ceiling but ultimately the biggest crisis not it doesn't come because we fail to raise the debt ceiling but because we do raise it and we repeatedly raise it and that's why the country is broke i think because there actually is some talk about kind of getting rid of the debt limit i mean even if the president were to use the fourteenth amendment solution as speaker the house nancy pelosi has suggested he should do that would kind of by the fall get rid of the debt limit but one last question here about a month ago a baby panda was born at the national zo
just put up a bill to eliminate the debt ceiling what's the purpose of having a debt ceiling if we raise it every time we get to it because nobody wants to vote to eliminate the debt ceiling because they want to pretend that they care about the debt but everybody wants to increase it because they don't want to cut any spending but if you want to look at the markets if the markets are selling off on the false crisis that we might not increase the debt ceiling clearly there's opportunities...
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Sep 20, 2013
09/13
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ALJAZAM
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failure to raise the debt ceiling could cause a down grade in the u.s. credit rating another scenario for economic chaos. but even if the stalemate eventually gets solved the mere discussion of it right now could have an economic impact. take a look at confidence over the next two or so years. noticeable dibtnoticeable dips d when the sequesterrer was debated earlier this year. the uncertainty pushes business leaders to slow down hiring. corporations start putting money away instead of spending money on new equipment. and if you wanted more proof, the partisan grandstanding in washington is a threat to the economy. fears of a shut down contributed to a 1% drop of the stock market on friday after hitting record highs earlier in the week. let's dig deeper into what all the uncertainty coming out of washington means for you. chris farrell, economic editor for marketplace money, a a finance program. what is this talk about washington dysfunction? >> you saw today with the decline in the stock market it was down about a percentage point. and so you know, that
failure to raise the debt ceiling could cause a down grade in the u.s. credit rating another scenario for economic chaos. but even if the stalemate eventually gets solved the mere discussion of it right now could have an economic impact. take a look at confidence over the next two or so years. noticeable dibtnoticeable dips d when the sequesterrer was debated earlier this year. the uncertainty pushes business leaders to slow down hiring. corporations start putting money away instead of spending...
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Sep 20, 2013
09/13
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FBC
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ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget or the debt. lou: we showed you that twice or three times we show the president's remarks twice. we were not the only ones that were incredulous that the president would choose "the washington post" fact checker also we should bring up of for pinocchio over his remarks that is as bad as it gets because lawmakersgoing back to the 1950's have use the debt limit to four separate issues the president himself was ever got flooded against the debt ceiling the pinocchio is piling up just day congratulations on your most recent on the debt ceiling those comments were amazing or even historic calling it an active tear the day after happened these things add up. the three pinocchio for cleaning gun sales lack backward tracks in three for cleaning aid is based on land to new democratic procedure? just to for low balling the number of jo the keystone pipeline would create too for cleaning you had five and a thousand manufact
ceiling or the threat of not raising the debt ceiling being used to extort a president or a governing party and trying to force issues that have nothing to do with the budget or the debt. lou: we showed you that twice or three times we show the president's remarks twice. we were not the only ones that were incredulous that the president would choose "the washington post" fact checker also we should bring up of for pinocchio over his remarks that is as bad as it gets because...
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Oct 11, 2013
10/13
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LINKTV
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-- the speaker of the house set markets in motion when he revealed a plan to raise the debt ceiling. >> a temporary increase in the debt ceiling, a way to reopen the way forward for the government. >> one house has chosen to stand its ground. they have hinted the deal may be close. >> the president is happy that cooler heads at least seem to be prevailing in the house, that there at least seems to be a recognition that default is not an option. >> most blame the republicans for the government shutdown which has now lasted for over 10 days. >> morocco's king mohammed vi -- the center-right national rally of independence will replace ministers. they will try to stop some reforms by the imf to shore up morocco's public finances. >> are mining the government who is boss -- >> reminding the government who is boss. king mohammed vi restock his cabinet -- restocked his cabinet with new members. >> it is an important day for us. this year, we are getting our revenge. six new women are in government. >> their main coalition partner was significantly weekend when denver -- when anothertheir ma
-- the speaker of the house set markets in motion when he revealed a plan to raise the debt ceiling. >> a temporary increase in the debt ceiling, a way to reopen the way forward for the government. >> one house has chosen to stand its ground. they have hinted the deal may be close. >> the president is happy that cooler heads at least seem to be prevailing in the house, that there at least seems to be a recognition that default is not an option. >> most blame the...
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Oct 15, 2013
10/13
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ALJAZAM
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lifting the debt ceiling to take the country until february. remember we started this controversy, this crisis, really when tea party affiliated conservatives insisted on delaying or defunding the president's signature health care law, obamacare. they are now just nibbling around the edges and house republicans are coming up with their own plan. but they want to repeal the medical device tax and a couple of other fig leafs. the two sides are close, as i say they are just talking around the margins now, but it's unclear whether there will be the votes in the house to get the senate bill to go through. >> we have our eyes on two frames right now, but tell us about the senate deal in the works right now. >> this started when moderate republicans in the form of susan collins from maine who has been a thorn in the side of many conservatives, she came forward with this plan to extent the debt ceiling, to fund the government, the dates once again january 15th to fund the government until then, and then raising the debt ceiling until roughly february 7
lifting the debt ceiling to take the country until february. remember we started this controversy, this crisis, really when tea party affiliated conservatives insisted on delaying or defunding the president's signature health care law, obamacare. they are now just nibbling around the edges and house republicans are coming up with their own plan. but they want to repeal the medical device tax and a couple of other fig leafs. the two sides are close, as i say they are just talking around the...
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Oct 11, 2013
10/13
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ALJAZAM
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>> in washington a move to end the impasse there may be a deal in the works to raise the debt ceiling but still no word on whether the president and the house republicans will agree to end the shutdown. a monster storm is heads straight for indian. the cyclone has a strength of a category five hurricane and there are fears it could devastate the country. the nobel peace price announcement due out this morning. one of the favorites is a 16-year-old pakistani school girl shot by the taliban because she fought for the right to go to school. and could the pose business go p in smoke. while marijuana sellers are having a tough tile doing business with -- time doing business with traditional a banks. >> reporter: ♪ ♪ >> welcome to al jazerra america. i am del walters. we can a week away from a potential government fault. threw some encouraging signs coming out of washington. you are looking live at capitol hill, john boehner promising to hike the borrowing limit and talks of ending the shutdown as well. mike viqueira that is all the districdetails from washington. >> reporter: they met
>> in washington a move to end the impasse there may be a deal in the works to raise the debt ceiling but still no word on whether the president and the house republicans will agree to end the shutdown. a monster storm is heads straight for indian. the cyclone has a strength of a category five hurricane and there are fears it could devastate the country. the nobel peace price announcement due out this morning. one of the favorites is a 16-year-old pakistani school girl shot by the taliban...
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Oct 7, 2013
10/13
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MSNBC
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debt ceiling fight we'll have. joining me managing editor of the grio joy reid and joining us from the capital is republican congressman from oklahoma's fourth district deputy majority whip tom cole. congressman, thank you as always for joining us. >> alex, thank you. >> so congressman, a few months ago, two months ago to be precise you came on the show and you said the following. lets roll the actual tape. >> shutting down the government is a suicidal political tactic. eventually it will be reopened but the president will not have capitulated and you will have discredited yourself and along the way you've heard the american people. >> having said that, where do you think we are today and what do you think of the government shutdown. >> i would say i was pretty accurate by prophecy. frankly i think we have made more progress probably than most people understand. over half the government is back opening. it should never have been shut down, the defense department and civilian contractors and civilian workers. we vot
debt ceiling fight we'll have. joining me managing editor of the grio joy reid and joining us from the capital is republican congressman from oklahoma's fourth district deputy majority whip tom cole. congressman, thank you as always for joining us. >> alex, thank you. >> so congressman, a few months ago, two months ago to be precise you came on the show and you said the following. lets roll the actual tape. >> shutting down the government is a suicidal political tactic....
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Feb 4, 2013
02/13
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MSNBC
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then they decide not to fight on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewhere. so they have chosen sequester and put up a very brave face on it. it's possible they could convince themselves to let it actually happen but the idea that they get some sort of significant political gain from it, these are cuts they hated and they hated in large part because they hurt things they care about. so to permit the sequester to go forward on that kind of rationale is not a political win, not a policy win. everybody is losing. >> the "new york times" op-ed says more than a million jobs are on the line if this deal isn't made. a quote saying the losses will soon spread as contracts to states and cities are cut, education and police grants are cut, and payments to medicare providers are cut, even the aid just approved to victims of hurricane sandy will fall under the sequester's act. americans are about to find out what happens when an entire political party demands deficit reduction at all costs because those costs will be enormous. t
then they decide not to fight on the debt ceiling and they need to move the attention on to something else. say they do have leverage elsewhere. so they have chosen sequester and put up a very brave face on it. it's possible they could convince themselves to let it actually happen but the idea that they get some sort of significant political gain from it, these are cuts they hated and they hated in large part because they hurt things they care about. so to permit the sequester to go forward on...
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Oct 11, 2013
10/13
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ALJAZAM
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ceiling hirts businesses. >> how the banks spoond to the debt ceiling negotiations and things like that has a direct impact on small businesses and their ability to borrow and the cost of borrowing as well. as well. so all of that will hurt small businesses. wand there is the over all uncertainty on how this will ahow much it will cause depends on one thing whether congress acts to raise the debt ceiling on time. all eyes are on the wost to see if they are closer resolution the congress has wiggle room. they warn that that window won't last long. and in the meantime markets could dramatically react. zblorchlts that is libby casey report, let's bring in joe. how are you doing, joe? >> i'm doing great. >> give me an idea of what you make of what happened today. we heard eric cantor come out and say they are making progress. >> did you sense a change in tone? >> i did absolutely. i thought it was a very, very hopeful talk. as remember the two sides have been only talking to the media and now they are talking to each other. and that is very posh. you have to consider the fact that eric cant
ceiling hirts businesses. >> how the banks spoond to the debt ceiling negotiations and things like that has a direct impact on small businesses and their ability to borrow and the cost of borrowing as well. as well. so all of that will hurt small businesses. wand there is the over all uncertainty on how this will ahow much it will cause depends on one thing whether congress acts to raise the debt ceiling on time. all eyes are on the wost to see if they are closer resolution the congress...
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Jan 18, 2013
01/13
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FOXNEWSW
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debt ceiling discussion, debt ceiling and the fact that the federal government will run out of money at the end of march. >> all those bring a confluence of an opportunity to drive a debate and drive changes that get us towards long-term prosperity and get us off of this notion that we can just continue to borrow and spend. >> reporter: it is clear most republicans want there to be spending cuts as part of these fiscal matters as they work on long-term extensions or solving these problems long term. jenna. jenna: mike, if we're hearing this, then the white house is probably hearing this as well. any reaction from the white house about potentially this plan from republicans? report or the jenna, --. >> reporter: jenna white house officials are saying if congress doesn't want to raise the debt ceiling they should authority rise president obama to do it himself. they should extend it so it doesn't cause concern for the economy and global markets. >> longstanding tradition for the congress to raise the debt ceiling. this is power they have given themselves, the point is without delay. a
debt ceiling discussion, debt ceiling and the fact that the federal government will run out of money at the end of march. >> all those bring a confluence of an opportunity to drive a debate and drive changes that get us towards long-term prosperity and get us off of this notion that we can just continue to borrow and spend. >> reporter: it is clear most republicans want there to be spending cuts as part of these fiscal matters as they work on long-term extensions or solving these...
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Oct 15, 2013
10/13
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MSNBC
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hitting the debt ceiling would be bad. getting close to the debt ceiling is bad, too. are we close enough already to start worrying about the damage? joining us now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. senator whitehouse, thank you so much for being with us. >> very happy to be with you. >> growing up, my dad always told me close only counts in horseshoes and hand grenades. >> this is the hand grenade version of that. >> oh, i was going to ask, does close also count in debt ceilings? are we already in dangerous territory? >> yeah, it absolutely does. there are two consequences of a default from not raising the debt ceiling. one is if you actually don't do it, and then markets and interest rates adjust in probably unimaginably bad ways. but even when you get close, other countries, bankers, people buying treasury securities look around and think this security doesn't seem quite as secure as it used to. i think i'm going to have to charge a little bit more in order to come in and be a buyer. and because we pay the intere
hitting the debt ceiling would be bad. getting close to the debt ceiling is bad, too. are we close enough already to start worrying about the damage? joining us now is senator sheldon whitehouse of rhode island, a member of the senate budget committee. senator whitehouse, thank you so much for being with us. >> very happy to be with you. >> growing up, my dad always told me close only counts in horseshoes and hand grenades. >> this is the hand grenade version of that. >>...
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Oct 9, 2013
10/13
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ALJAZAM
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he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not -- they will spepbs tpaoeu public anger about not raising the debt ceiling and pressure republicans even more. . >> we have new information for you on what has happenened here. let me move over so you can see the storm that we're talking about. the storm has upgradeed this hour of activity to a cyclone. a cyclone, typhoon, hurricane are all the same types of system. it just depends geographically what you're talking about. we're very concerned because it's a closed up area. it will make land fall somewhere and the new -- it is going to make land fall in
he put forth his own bell to raise the debt ceiling. it's a -- it's pretty much doomed in the house. he says that the republicans fault. he said they keep changing the target. >> now the shut down is not the only crisis.. according to markt watch. if. we will come from the latest polling. 56 of americans say it will be a bad idea that the debt ceiling is not raised to 38%. it will be a good idea for the country. we have the economic chaos. it's up legitimate seniors that seen kwhrors not...
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Sep 20, 2013
09/13
by
FOXNEWSW
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eye 80
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so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what happened to that guy? here to debate the hypocrisy, radio, tv, talk show host, billy cunningham. from the fox news channel tamara holder. raising the debt ceiling doesn't increase the debt. what do you got there? >> hannity happy candy. >> what is that? >> they're happy candies. the reason why i brought these is the last time -- >> yeah ? >> you should try one. it will make you happy. i feel conservatives are so angry. you know, right now i'm getting these crazy -- >> i'm laughing my head off. >> i think this is a prop ohher opportunity for you to ap
so raising the debt ceiling doesn't increase debt. let's take a walk back to march of 2006 when senator obama made a dire speech about the dangers of raising the debt. he said, quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure. it is a sign that the u.s. government cannot pay uh its own bills. our federal debt increased by $3.5 trillion to $8.6 trillion. that's trillion, with a t. this rising debt is a hidden domestic enemy. what...
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Oct 5, 2013
10/13
by
MSNBC
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ceiling earlier this year. >> what would happen if the debt ceiling was not raised is it would be a partial government shutdown, and we've seen this before. we saw this in 1995 when republicans in the house shut down the government. and what happened was, it was a partial shutdown. there was some political costs to be paid. but at the end of the day, because republicans stood strong in 1995, we saw year after year of balanced budgets and some of the most fiscally responsible policies congress has produced in the modern era. if we stand strong, we can do that again." >> reporter: the grim irony, wall street and big business helped buy this government shutdown. in obama's first year in office, wall street gave democrats almost $30 million and republicans just over $20 million. leading up to the 2012 election, wall street gave more than $36 million to republicans compared to just less than $10 million to democrats. the chamber of commerce last year spent over $35 million on elections. of that amount, just over $300,000 went to democrats. now wall street wants a return on that investmen
ceiling earlier this year. >> what would happen if the debt ceiling was not raised is it would be a partial government shutdown, and we've seen this before. we saw this in 1995 when republicans in the house shut down the government. and what happened was, it was a partial shutdown. there was some political costs to be paid. but at the end of the day, because republicans stood strong in 1995, we saw year after year of balanced budgets and some of the most fiscally responsible policies...
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Sep 19, 2013
09/13
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FOXNEWSW
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. >> neil: raising the debt ceiling doesn't mean racing the debt. the president said so and says the average person knows that to be. so i want you to think of an average person here to say, not so. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." ♪ unh ♪ [ male announcer ] you can choose to blend in. ♪ or you can choose to blend out. the all-new 2014 lexus is. it's your move. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mo
. >> neil: raising the debt ceiling doesn't mean racing the debt. the president said so and says the average person knows that to be. so i want you to think of an average person here to say, not so. clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the...
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134
Oct 8, 2013
10/13
by
WETA
tv
eye 134
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with respect to the debt ceiling. we have a speaker of the house sayin i'm to the going to bring to the floor a continuing resolution that doesn't involve my own strong feelingses about health care and entitlement reform. so one won't bring anything to the floor. one won't negotiate. how do we get this thing settled? >> you want pie guess of how it ends. >> rose: yes, sir. >> i think they will agree to negotiate. that otherwise nothing is going to happen. and i think they will agree to negotiate perhaps about smaller things than mr. boehner and some of his colleagues want. but they will agree to negotiate something about the spending side of the budget. >> rose: you mean perhaps entitlement reform, those types of things. >> that would be wonderful. but it maybe the kind of thing that the president had suggested earlier, about changing the indexing of social security. it would be an entitlement reform. >> rose: so people are going to compromise where they are now and find some levels of agreement for temporary -- >> we
with respect to the debt ceiling. we have a speaker of the house sayin i'm to the going to bring to the floor a continuing resolution that doesn't involve my own strong feelingses about health care and entitlement reform. so one won't bring anything to the floor. one won't negotiate. how do we get this thing settled? >> you want pie guess of how it ends. >> rose: yes, sir. >> i think they will agree to negotiate. that otherwise nothing is going to happen. and i think they will...
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42
Jan 16, 2013
01/13
by
FBC
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eye 42
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adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceiling from years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and
adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans...
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Oct 5, 2013
10/13
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the debt ceiling could reverberate around the world iw. the republican leader john boehner has made it clear he's going to let there be a vote on this clean cr. i believe there will be 4050, 60 republicans who, for the best reason, political necessity, will sign on with the democrats, who are not going to default, the government will open with a debt ceiling extension. >> the debt ceiling, that is -- i believe they're going to actually, doug, keep the government closed until they have the debt ceiling debate. >> that's what i'm saying. if this plan goes through and you get 40 to 50 republicans -- i know angela says this isn't going to happen -- >> dealing with a petition, that's what i'm talking about. >> if you get this petition put through, what's it going to look like for the republicans who choose to go that way? >> i don't see that happening, because -- >> why? >> -- the republican caucus is together. you do have some moderate republicans who are a little nervous. what john boehner did, he enlisted the chairman of the ways and means c
the debt ceiling could reverberate around the world iw. the republican leader john boehner has made it clear he's going to let there be a vote on this clean cr. i believe there will be 4050, 60 republicans who, for the best reason, political necessity, will sign on with the democrats, who are not going to default, the government will open with a debt ceiling extension. >> the debt ceiling, that is -- i believe they're going to actually, doug, keep the government closed until they have the...
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Feb 6, 2013
02/13
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if you lost track of the debt ceiling and budget battles t came out of the debt limit deal. it was the white house's idea to hold washington's feet to the fire. the cuts were never supposed to happen. the committee that replaced them failed and at the start of the ewe near, the deal triggered even further until march 1st. we are faced with the looming cuts a few weeks away that boiled down to $85 billion that will be slashed by this fall if nothing happens. the focus has been on the cuts and the entire $1.2 trillion will be a 50-50 defense between defense and spending. to put us into perspective is the center for social inclusion. the sequester was designed to be something that would never happen. prot expect would scare washington into coming out with something else. there sounds out of washington, particularly from republicans that they might be okay with nothing happening and sequester being triggered. half is defense and half non-domestic discretionary spending. can you explain to people what would be cut if the sequester goes into effect. >> it's a pleasure to be here.
if you lost track of the debt ceiling and budget battles t came out of the debt limit deal. it was the white house's idea to hold washington's feet to the fire. the cuts were never supposed to happen. the committee that replaced them failed and at the start of the ewe near, the deal triggered even further until march 1st. we are faced with the looming cuts a few weeks away that boiled down to $85 billion that will be slashed by this fall if nothing happens. the focus has been on the cuts and...
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Sep 10, 2013
09/13
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kick that can down the road and focus on the debt ceiling. that's where republicans think they have better traction. >> what are some of the issues being put to the wayside. >> well, one of the issues that is stuck is any employment non-discrimination act that says that you can't be fired for being gay. we have 80 to 90% support for in most places in the country, and 70% everywhere. but that's a matter of fitting that in amongst a lot of other issues, and there has been a lot of clamoring on something to be done on guns, so we're hopeful some progress can be made there. >> is gun legislation over? >> yeah, it's over. i would say the other issue, though, that is kind of part of this fiscal debate, and that's the sequester. federal domestic spending is ratcheted down even more, but in connection with syria, defense discretionary spending is being ratcheted down, and these spending cuts which are going below 2009 levels are really hurting a lot of programs out there, and democrats will be pushing on the discretionary side, but republicans will b
kick that can down the road and focus on the debt ceiling. that's where republicans think they have better traction. >> what are some of the issues being put to the wayside. >> well, one of the issues that is stuck is any employment non-discrimination act that says that you can't be fired for being gay. we have 80 to 90% support for in most places in the country, and 70% everywhere. but that's a matter of fitting that in amongst a lot of other issues, and there has been a lot of...
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Oct 10, 2013
10/13
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. >> pelosi added the debt ceiling needs to be lifted but says she's skeptical of a short-term raise. >>> and the shutdown's impact on the american people, well, that keeps mounting. benefit checks for more than $5 million wounded veterans could stop as soon as november 1st. it's a warning from the veterans affairs secretary and another hit to the military community. 433,000 fully disabled vets could not receive payments next month. it would also impact hundreds of thousands of surviving spouses and children of vets. the shutdown has left nearly 8,000 v.a. employees furloughed. and usa today is reporting a massive economic toll on national parks. they are losing $76 million and 715,000 visitors each day. and remember, much of the shutdown is blamed on funding disputes over obama care. well, a congressional hearing wednesday examined the irs's role in implementing and enforcing it. a congressman asked the irs official if she was familiar with the salem witch trial play in the crucible, then this bizarre exchange unfolded. >> you're under oath. have you been consorting with the devil? >
. >> pelosi added the debt ceiling needs to be lifted but says she's skeptical of a short-term raise. >>> and the shutdown's impact on the american people, well, that keeps mounting. benefit checks for more than $5 million wounded veterans could stop as soon as november 1st. it's a warning from the veterans affairs secretary and another hit to the military community. 433,000 fully disabled vets could not receive payments next month. it would also impact hundreds of thousands of...
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Nov 17, 2013
11/13
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i wish the republicans when they were wished to the debt ceiling. mr. president, the debt seouling is the law of the land. we can't touch it. if we can touch it in debt ceiling, we can touch the law of the land to obama care. and they should have touched it and buried it. well, nancy pelosi is a gift that keeps on giving. remember when democrats tried to push obama care. we'll find out what is in the plan once the fog of the controversy is cleared up. house minority leader seems to still be in the fog. >> there is nothing in the affordable care act that said your insurance company should cancel you. did i ever tell my constituents that if they could keep it. i would have if they liked their plan. but that was not my insurance. >> she lives in san francisco. what can i say. she never met anyone who liked their health care plan. nancy, you need to get out more. because apparently there was a lot of people who liked their plan and they sure as heck liked it better than the 5 million people who were already told that their health plan was cancelled. reutere
i wish the republicans when they were wished to the debt ceiling. mr. president, the debt seouling is the law of the land. we can't touch it. if we can touch it in debt ceiling, we can touch the law of the land to obama care. and they should have touched it and buried it. well, nancy pelosi is a gift that keeps on giving. remember when democrats tried to push obama care. we'll find out what is in the plan once the fog of the controversy is cleared up. house minority leader seems to still be in...
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Oct 10, 2013
10/13
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debt ceiling denies needed dose of debt ceiling reality and you have given them that today. you have said or i think in just about these words you said prioritization is default by another name and prioritization is extremely difficult as you said. do we pay foreign debts or veterans benefits? do we make sure social security benefits go out or pay medicare. do we pay for education. american people don't want that. they would want to pass a clean debt ceiling bill and avoid those awful choices but i would like to talk about the other -- one of the debt ceiling deniers i read in the new york times, congressman brown, also said much of what he learned in medical school where lies the came from in his words the pits of hell. if we a people and -- letting people like this beat us, god save america. i would like to deal with the second issue. which is the timing. in my view we are like a blindfolded man walking towards a cliff and if we keep walking in that direction, very soon we will fall off. we may fall off on october 16th, we may fall off on october 17th, we may fall on oct.
debt ceiling denies needed dose of debt ceiling reality and you have given them that today. you have said or i think in just about these words you said prioritization is default by another name and prioritization is extremely difficult as you said. do we pay foreign debts or veterans benefits? do we make sure social security benefits go out or pay medicare. do we pay for education. american people don't want that. they would want to pass a clean debt ceiling bill and avoid those awful choices...
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Oct 10, 2013
10/13
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and it's about time, as the government shutdown drags into day ten and the debt ceiling looms just one week away. news broke this morning that speaker boehner will present the president in their meeting today a six-week no strings attached plan to raise the debt ceiling. >> it's time for these negotiations and this conversation to begin. i would hope that the president would look at this as an opportunity and a good faith effort on our part to move halfway to what he's demanded in order to have these conversations begin. >> that leadership would save us, albeit temporarily, from defaulting and it would satisfy the president's condition of not negotiating under such a risk. of course, it remains to be seen whether the speaker's idea will satisfy the rest of his party because, let's face it, there have been a lot of mixed messages, especially when it comes to ending the shutdown. house budget chair paul ryan says he wants compromise on entitlement reform, but there's no mention of obama care. hmm, i wonder whether he's talked to speaker boehner. >> instead of making it easier for people
and it's about time, as the government shutdown drags into day ten and the debt ceiling looms just one week away. news broke this morning that speaker boehner will present the president in their meeting today a six-week no strings attached plan to raise the debt ceiling. >> it's time for these negotiations and this conversation to begin. i would hope that the president would look at this as an opportunity and a good faith effort on our part to move halfway to what he's demanded in order...
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Jan 15, 2013
01/13
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the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >> john boehner responded the american people do not support raising the debt ceiling without reducing government spending statement. wendell, a government shut down, is that something that really might happen? neither side is ready to blink yet. he has laid out they are ready to compromise if possible that could lead to a government shut down although probably not right away. president obama suggested right before the u.s. the people at home might be told they have to wait for their money. >> if congressional republicans refuse to pay america's bills on time social security
the debt ceiling is announcing the amount of money the states can borrow. today the president responded to some republicans who say they are willing to shut down the government if the president doesn't back down. ultimately congress makes decisions about whether or not we spend money and keep the government open. if they decide they want to shut down the government in order to get their way they have the votes in the house of representatives to do that. i think that would be a mistake. >>...
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Oct 10, 2013
10/13
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the democrats would like to see a longer-term lift of the debt ceiling. get this off of the table for a while, and their legislation is still going forth. we are still seeing that move to the senate, and we'll see a vote on that in the next couple of days. that will be significant to watch, because we'll find out whether senate republicans are getting on board with this plan. because we are hearing some of the moderate republicans say not only do we have to raise the debt ceiling, we also have to get the federal government reopen for business. >> libby stay there, i have one more question for both of you. mike viqueira, look, you are there at the white house, at every point along the way, the optics have been important here, and whenever there has been a meeting with the white house, we saw it last week, both sides came out and made a statement. what are we to read from the fact that this is a meeting -- [ laughter ] >> i know i'm pushing on this, but i have to. this is a meeting that everyone was looking forward to. what does it suggest that speaker boeh
the democrats would like to see a longer-term lift of the debt ceiling. get this off of the table for a while, and their legislation is still going forth. we are still seeing that move to the senate, and we'll see a vote on that in the next couple of days. that will be significant to watch, because we'll find out whether senate republicans are getting on board with this plan. because we are hearing some of the moderate republicans say not only do we have to raise the debt ceiling, we also have...
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Jan 6, 2013
01/13
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CNNW
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the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our businesses can not afford that dangerous game again. >> on the first day of the new congress, lawmakers introduced nearly a dozen bills related to gun violence. they come in the wake of the connecticut school shooting and promises from president obama to take concrete action to avoid another tragedy. >> reporter: as students at sandy hook elementary return to class, former congresswoman gabrielle giffords, nearly killed in a mass shooting two years ago visited newtown, connecticut. and on capitol hill, lawmakers arrived to begin a new session of congress. with me
the debt ceiling is the legal limit on the nation's borrowing. in his weekly address, the president says he's taking a hard line on the issue. >> one ning i will not compromise over is whether or not congress should pay the tab for a bill they have already racked up. if congress refuses to kbif the united states its ability to pay its bill on top, the consequences could be catastrophic. last time congress threatened this course of action, our economy suffered for it. our families and our...
WHUT (Howard University Television)
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Oct 21, 2013
10/13
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ceiling, we will default on our debt. we won't. we'll continue to pay our interest, we'll continue to redeem bonds and we'll issue new bonds to replace those. so, it's not entirely accurate. >> we're never, ever, ever, ever. it's implausible that we won't make out interest payments. you have a $3.1 trillion we're going to take in in tax revenues, we're going to spend about $3.7 trillion? so, using language like, "well, we're going to default." has the left decided that they're hungry to scare the markets? hungry to scare the world debt markets? and is this how you leverage politics? >> what they're saying here is, well, the administration could always decide, that's a question that the administration would answer, "well, it's not so easy," but they would say, the administration can always decide to use its money to pay its interest, to pay the interest, and redemption is not a problem. i agree with that, they can pay the interest. and then they will default on something else. and -- >> social security and medicare. >> soc
ceiling, we will default on our debt. we won't. we'll continue to pay our interest, we'll continue to redeem bonds and we'll issue new bonds to replace those. so, it's not entirely accurate. >> we're never, ever, ever, ever. it's implausible that we won't make out interest payments. you have a $3.1 trillion we're going to take in in tax revenues, we're going to spend about $3.7 trillion? so, using language like, "well, we're going to default." has the left decided that they're...